AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 08/02/2019 RECEIPTS: Auctions Direct Video/Internet Total This Week 148,700 94,200 6,200 249,100 Last Week 131,200 62,500 113,800 307,500 Year Ago 156,900 67,300 30,200 254,400 Compared to last week, steers and heifers sold mostly steady to 2.00 higher. Some offerings in the Northern Plains were 2.00 to 5.00 lower after last week’s sharp uptick, while some steers in the Southern Plains were 6.00 to 7.00 higher at special sales. Pastures have not been damaged by the scorching summer heat in the Plains states like last year. Ranchers are feeling blessed to be in this position at this point of time. Several auctions across the country are readying themselves for a big run of feeders that normally start coming to town this time of year and buyers are ramping up for the influx. Order buyers have their marching orders to buy feeders this week either at sale barns or in the country with several making trips to the Flint Hills and Osage grass country. Cattle in those areas have gained well this grazing season and several strings of cattle have sold this week, with more in the coming weeks. Bigger feeders were in demand on Thursday at Winter Livestock in Pratt, KS a load of steers weighing 898 sold at 151.10 while their 903 lb brothers sold at 149.50. On Wednesday at Sheridan Livestock Auction Company in Rushville, NE two loads of 1023 lb steers sold at 141.00, while a couple part loads of 917 to 922 lb heifers sold at a weighted average of 135.26. CME cattle futures at mid-week had a tough day on Wednesday with sharp losses as traders enter the month of August. Follow through trading was also very weak on Friday as Feeder Cattle Futures closed over 3.00 lower on the September through November contracts. Light trade on Wednesday in the Southern Plains at 111.00 mostly 1.00 lower than last week, while the bulk of dressed sales in Nebraska were mostly 2.00 higher at 185.00. Thursday live cattle futures recovered some losses with solid gains. Boxed-beef values have strengthened in price this week mostly due to strength in the rib and very good beef demand. For the week, the Choice cutout closed 2.56 higher at 214.73, while Select was 2.29 higher at 190.63. Cattle Slaughter under federal inspection estimated at 626K for the week, 28K less than last week and 2K more than a year ago. Auction volume this week included 55 percent weighing over 600 lbs and 40 percent heifers.
Northwest Weighted Average Direct Feeder Cattle
Weekly Summary WA-OR-ID-UT
Receipts: 3,360 Last Week: 4,130 Year Ago: 1,054 Compared to last week: Feeder steers lightly tested, few sold steady. No comparisons of current delivery heifers for a comparison. Demand moderate to good. Cattle futures traded mostly on the positive side this week. Slaughter cattle trade has yet to develop for the week at the time of this report. Supply consisted of 100 percent over 600 lbs. and 76 percent heifers. Unless otherwise stated prices are FOB weighting points with 2-3 percent shrink or equivalent and a 5-10 cent slide on calves and a 4-12 cent slide on yearlings from base weights. Current sales are up to 14 days delivery. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 120 850 850 135.00 135.00 Current Del 90 915 915 136.00 136.00 Current Del 600 925 925 137.00 137.00 Sep Del Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 65 800 800 131.00 131.00 Current Del 300 860 860 131.00 131.00 Current Del 200 920 920 130.00 130.00 Current Del 900 850 850 138.00 138.00 Aug-Sep Del 1085 850 850 138.00 138.00 Sep Del